---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-061035"
form_type: "8-K"
ticker: "CUEN"
cik: "0001424657"
company_name: "Cuentas Inc."
filed_at: "2024-07-12T23:59:59+00:00"
generated_at: "2026-05-31T21:02:58.173379+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cuentas loses $7.2M property sale; buyer terminates contract for Brooksville land

## Summary
- Buyer terminated contract for Brooksville, FL property on June 7, 2024; Cuentas notified definitively on July 11, 2024.
- Property purchased for $5.05M in Apr 2023, under contract to sell for $7.2M; sale fell through.
- Cuentas contributed $2M to purchase and $65k in engineering; holds 63% membership in joint venture.
- Company is free to pursue other buyers/developers; also secured $500k loan extension from ALF Trust for working capital.
- Mortgage of $3.055M with Republic Bank of Chicago remains on the property.

## SEC filing metadata
- accession: 0001213900-24-061035
- form_type: 8-K
- ticker: CUEN
- cik: 0001424657
- company_name: Cuentas Inc.
- filed_at: 2024-07-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424657/000121390024061035/0001213900-24-061035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424657/000121390024061035/ea0209347-8k_cuentas.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-061035
- JSON: https://secwatch.observer/filing/0001213900-24-061035.json
- Plain text: https://secwatch.observer/filing/0001213900-24-061035.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.